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MID-YEAR REPORT: Austin home sales still growing, but slower than 2016

Central Texas home sales grew at a slower pace in the first half of the year, while home prices continued to rise at a steady clip, the Austin Board of Realtors said Thursday. Through June, single-family sales in the five-county Austin metro area — stretching from Georgetown to San Marcos — rose 2.8 percent year-over-year to 14,958 sales. The median price of those sales was $300,000, a...
Barton Creek Resort plans $70M expansion, will add 10-story tower

Barton Creek Resort plans $70M expansion, will add 10-story tower

The 309-room Omni Barton Creek Resort & Spa is planning a major renovation and expansion that will cost nearly $70 million, according to filings with the city and state. Work on the project, which includes plans for a new 10-story hotel tower, will start this fall, with completion set for 2019, according to applications submitted by Dallas-based Omni Hotels & Resorts. The first phase has a $10.2 million...
Work starts on new Round Rock office building

Work starts on new Round Rock office building

Mark IV Capital Inc. has broken ground on Summit II at La Frontera, a 95,000-square-foot building scheduled to open in 2018 in Round Rock. Located near the intersection of Interstate 35 and Texas 45, the two-story building will be adjacent to the 87,186-square foot Summit I at La Frontera, which Mark IV purchased in 2013 and has since fully leased. Mark IV said it plans to connect the two buildings...
Texas leads U.S. in number of farms. It also leads in foreign-bought agricultural land.

Texas leads U.S. in number of farms. It also leads in foreign-bought agricultural land.

With good reason, Texas politicos like to brag on the state’s agricultural exploits: Texas leads the nation when it comes to cattle, cotton and hay production and boasts more farms and ranches than any other state in the union. But Texas agriculture has another distinction that gets considerably less attention. Over the last ten years, Texas also leads the nation when it comes to foreign purchases...
Retail boom: New shops, restaurants continue flooding into Austin area

Retail boom: New shops, restaurants continue flooding into Austin area

Austin remains atop the wish list for shops and restaurants of all sizes looking to expand, retail experts say. That includes both local chains and national outlets. A new report from Weitzman, a commercial real estate firm with offices across Texas, found that the Austin metro area has the strongest retail occupancy rate among all major U.S. markets. The rate currently sits at 96 percent, according...
40-story apartment tower set for downtown Austin’s eastern edge

40-story apartment tower set for downtown Austin’s eastern edge

The sale of a 58-unit condo project overlooking Lady Bird Lake is now final, paving the way for more high-rise residential development in the Rainey Street area on downtown Austin’s eastern edge. More than 80 percent of the owners of the decades-old Villas on Town Lake condominiums — the statutory requirement for a sale to occur — agreed to sell their units at the 2.3-acre waterfront...
Settlement gives residents a way out of illegal Caldwell development

Settlement gives residents a way out of illegal Caldwell development

The owner of an illegal subdivision that was allowed to operate in an isolated corner of Caldwell County for more than a decade despite being known to local regulators is finally being forced to pay for his years of failing to abide by state and county land-use rules. Richard Burns, whose Century Oak Estates was created and sustained with what officials described as a disregard for numerous real estate...
Settlement gives residents a way out of illegal Caldwell development

Settlement gives residents a way out of illegal Caldwell development

The owner of an illegal subdivision that was allowed to operate in an isolated corner of Caldwell County for more than a decade despite being known to local regulators is finally being forced to pay for his years of failing to abide by state and county land-use rules. Richard Burns, whose Century Oak Estates was created and sustained with what officials described as a disregard for numerous real-estate...
New owner for 5 NW Austin office buildings valued at $79 million

New owner for 5 NW Austin office buildings valued at $79 million

A portfolio of five Northwest Austin office buildings has changed hands. DivcoWest has sold The Campus at Arboretum to a partnership formed by Vanderbilt Partners and True North Management Group LLC, according to Holliday Fenoglio Fowler LP, which arranged the transaction. The Class A buildings have a total of 318,534 square feet and sit on 16.5 acres. They’re located at 10415 Morado Circle...
Herman: Move-in day nears for UT System Replacement Office Building

Herman: Move-in day nears for UT System Replacement Office Building

Downtown Austin is transmogrifying before our eyes as it turns into (Caution: columnist exaggeration ahead) Manhattan-on-the-Colorado. The signs are everywhere, helping us sort out which building will be what. There are hotels, office buildings, condos and all kinds of stuff that rich real estate investors think will make them even richer real estate investors. Eager to get in on the downtown crane...
Looking for a two-bedroom apartment here? You need to make $23 an hour

Looking for a two-bedroom apartment here? You need to make $23 an hour

Renters must earn at least $22.98 an hour — more than three times the minimum wage — to afford a typical two-bedroom apartment in the Austin area, a recent report reveals. The report, released this month by the National Low Income Housing Coalition, studied the wages needed to afford rental housing throughout the country and uncovered broad disparities, shedding light on an ever present...

Austin Salvation Army moves ahead on new shelter, command center

The Salvation Army of Austin will break ground Thursday on two major projects in East Austin: a new emergency shelter for women and children, and an area command building that will house administrative offices and a community center. The money for both projects comes from a capital campaign co-chaired by Austin philanthropist Dick Rathgeber. The fundraising effort topped its $17 million goal, raising...
‘Jenga tower’ starting to make mark on Austin’s skyline

‘Jenga tower’ starting to make mark on Austin’s skyline

This week, some Austinites might have noticed a change on the downtown skyline. Construction has progressed to the point that the Independent — nicknamed the “Jenga tower” — has started taking on elements of its defining look as the 58-story condominium project rises toward its place as the city’s tallest building and the tallest residential building west of the...
EXCLUSIVE: HomeAway plans major expansion, to add 2,000 workers in Austin

EXCLUSIVE: HomeAway plans major expansion, to add 2,000 workers in Austin

Austin-based HomeAway said it is planning a major expansion at The Domain in North Austin, where the nation’s largest vacation rental company will establish its global headquarters in a 16-story office tower that will house more than 2,000 additional employees. With the expansion, the company is “doubling down” on job growth in its hometown, where it now employs more than 1,500 people...
Austin-area home sales, median price climb in May

Austin-area home sales, median price climb in May

Central Texas’ housing market continues to sizzle. Sales of single-family homes in the Austin metro jumped 9 percent year over year in May, while the median sales price rose 8 percent, to $310,000, the Austin Board of Realtors said Thursday. The dollar volume of May’s 3,170 sales topped $1.2 billion, making May the highest-grossing month in the region’s history, the board said in...
BILLION-DOLLAR MARK REACHED: Austin-area home sales jump 9 percent in May

BILLION-DOLLAR MARK REACHED: Austin-area home sales jump 9 percent in May

Central Texas home sales jumped 9 percent year over year in May, while the median sales price rose 8 percent, to $310,000, the Austin Board of Realtors said Thursday. The dollar volume of May’s 3,170 home sales topped $1.2 billion, making May the highest-grossing month in the region’s history, the board said in its latest monthly report. May also was the first time this year that...
Baylor Scott & White may bring health-care options to Spicewood area

Baylor Scott & White may bring health-care options to Spicewood area

Baylor Scott & White Health is considering bringing health-care services to the Spicewood area west of Austin. Baylor Scott & White Health officials and Thomas Ranch Development Interests announced a partnership this week that could bring a clinic or other health-care facility to Thomas Ranch, a proposed 2,200-acre master-planned community to be built off Texas 71 and Paleface Ranch Road. The proposed...
EXCLUSIVE: Historic Austin estate to become boutique hotel

EXCLUSIVE: Historic Austin estate to become boutique hotel

The vision for a boutique hotel at Austin’s historic Commodore Perry Estate is poised to become a reality at last. Local developers told the American-Statesman exclusively that the hotel, planned for the 10-acre gated compound at East 41st and Red River streets in Central Austin, will be a 53-room property to be operated by Auberge Resorts Collection. The hotel, to be called Commodore Perry...
Shops, restaurants, 390 apartments coming to ACC Highland site

Shops, restaurants, 390 apartments coming to ACC Highland site

More shops and residences are on the way to the former Highland Mall complex in Central Austin. Newly announced plans for the property, now owned by Austin Community College, include two more apartment buildings with a combined total of 390 units, as well as 25,000 square feet of ground-floor retail space. Retail and restaurant tenants haven’t been announced yet. The two buildings, which will...
NEW TODAY: Northwest Austin shopping center up for sale

NEW TODAY: Northwest Austin shopping center up for sale

A Northwest Austin shopping center is up for grabs. Arbor Town Square, at 10721 Research Blvd., is being marketed by David Thibodeaux and Logan Reichle in real estate giant CBRE’s Austin office. The 33,086-square-foot center is 100 percent occupied, with tenants that include Ashton Woods Homes, Firehouse Subs, Juiceland and Orange Theory Fitness. “This asset has exceptional construction...
Cranes fill the sky as Austin’s building boom flies on

Cranes fill the sky as Austin’s building boom flies on

The state bird of Texas is the (construction) crane, or so the old joke goes. With Texas’ largest cities – especially Austin – experiencing phenomenal growth in recent years, that well-worn one-liner might as well be true. Construction cranes dot Austin’s skyline, helping erect towers that will become hotels, offices, condos, apartments and more over the next several years...
Exclusive: 83-room boutique Arrive hotel coming to East Austin

Exclusive: 83-room boutique Arrive hotel coming to East Austin

Developers behind a new East Austin boutique hotel say they’re just as eager for locals to visit as they are to welcome out-of-towners. Work started this week on the 83-room Arrive hotel at East Sixth and Chicon streets, with plans to open in spring 2019. It’ll be the second Arrive hotel; the first is in Palm Springs, Calif., and debuted in 2016. The chain plans to open more locations...
CodeNext draft would open up city to garage apartments

CodeNext draft would open up city to garage apartments

After a months-long battle between neighborhood groups and urbanists, the Austin City Council struck a compromise in November 2015. Garage apartments would be allowed in a certain type of zoning that covered about 9,000 lots citywide, but not in another type of zoning covering some 62,000 lots. The proposed changes under CodeNext could end that truce. Draft maps and documents related to the city&rsquo...
Task force: Raise hotel tax to pay for convention center expansion

Task force: Raise hotel tax to pay for convention center expansion

A city task force is recommending that the Austin City Council vote to expand the convention center downtown and pay for the $609 million addition with a 2-cent hike in the city’s hotel occupancy tax, the group’s chairman said. The 2-cent increase would create about $24 million a year, said James Russell, who led the Visitor Impact Task Force. The convention center would sell bonds against...
Baylor Scott & White planning hospital in Oak Hill area

Baylor Scott & White planning hospital in Oak Hill area

Baylor Scott & White Health plans to open a full-service hospital in the Oak Hill area in Southwest Austin, on 11 acres where a golf range operated until last week. If built, it would be Baylor Scott & White’s second hospital in Travis County, joining an existing one in Lakeway. The hospital would be at 5243 U.S. 290, where the Oak Hill Golf Range closed Sunday after 30 years of operations,...
Austin-area home sales, median price climb in April

Austin-area home sales, median price climb in April

Central Texas home sales rose just over 3 percent in April and the median price of those sales hit $305,000 — the second-highest level ever, the Austin Board of Realtors said Tuesday. The median also set a record for an April. To date, the all-time high for the median home-sales price was set in August 2016, when it reached $363,190, the board said. “After a slow beginning to the year...
APRIL NUMBERS: Austin-area home sales, median price rise

APRIL NUMBERS: Austin-area home sales, median price rise

Central Texas home sales rose just over 3 percent in April and the median price of those sales hit $305,000 — the second-highest level ever, the Austin Board of Realtors said Tuesday. The median also set a record for an April. To date, the all-time high for the median home-sales price was set in August 2016, when it reached $363,190, the board said. “After a slow beginning to the year...
Hotel one of three new businesses expected to bring jobs to Taylor

Hotel one of three new businesses expected to bring jobs to Taylor

Construction will start by midsummer on Taylor’s biggest hotel. The 75-room Holiday Inn Express will be at 180 Carlos Parker Blvd. NW, near the Williamson County Exposition Center. It’s going to be one of three businesses either planned or about to open that are bringing jobs to Taylor, said Mark Thomas, the president of the Taylor Economic Development Corp. “There’s lots of...
EXCLUSIVE: $55 million mixed-use project gets going on South Congress

EXCLUSIVE: $55 million mixed-use project gets going on South Congress

Developers have started construction on a high-profile project on South Congress Avenue in Austin, and on Friday released new details about the mixed-use development to the American-Statesman. The project is called Music Lane, after the small street that forms its eastern border. The development will consist of three buildings, with 163,000 square feet of retail, office and restaurant space. There...
Developer lands funding for $40 million Southwest Austin project

Developer lands funding for $40 million Southwest Austin project

Austin-based Stratus Properties Inc. said Wednesday that it has secured financing for the first phase of Lantana Place, a mixed-use project in Southwest Austin that will include a 10-screen dine-in movie theater. Tyler-based Southside Bank provided the $26.3 million loan for the development, which has a $40 million price tag and is expected to break ground this month. Joeris, a firm with offices in...
Hays County home values rise nearly 9%

Hays County home values rise nearly 9%

The market value of homes across Hays County rose almost 9 percent for 2017 as the area continues to boom, Hays Chief Appraiser David Valle said Tuesday. The average market value of homes in the county increased 8.9 percent, to $231,509 this year from $212,401 last year, Valle said. The taxable value of homes — whihc is the market value minus exemptions — increased 9.8 percent on average...
Hays County average home values climb nearly 9 percent

Hays County average home values climb nearly 9 percent

Home values rose almost 9 percent on average across Hays County for 2017, Hays Chief Appraiser David Valle said Tuesday. The average market value of homes in the county increased 8.9 percent, to $231,509 this year from $212,401 last year, Valle said. The taxable value of homes — the market value minus exemptions — increased 9.8 percent on average, to $216,169 from $196,739 last year, he...
High-rise project planned for downtown Austin block

High-rise project planned for downtown Austin block

Another high-rise development is destined for yet another downtown Austin block. The Episcopal Church has selected Austin-based Cielo Property Group to partner in developing a church-owned block, with plans calling for a large mixed-use project, along with a permanent home for the church’s historical archives. Cielo Property Group, a commercial real estate investment and development firm, released...
How CodeNext maps could forecast change for two Austin neighborhoods

How CodeNext maps could forecast change for two Austin neighborhoods

Two old South Austin neighborhoods are readying for war with City Hall over the draft CodeNext zoning maps rolled out last week. “It’s about as subtle as a wrecking ball,” said Cory Walton, the president of the Bouldin Creek Neighborhood Association, who has lived in the neighborhood for two decades. “The changes in Bouldin are pretty devastating.” His opposite number...
Whole Foods’ new 365 concept set to make Central Texas debut

Whole Foods’ new 365 concept set to make Central Texas debut

A Sunday parking lot party will kick off opening week festivities for the new 365 by Whole Foods Market store in Cedar Park. The free event will take place from 1 p.m. to 4 p.m., featuring food and live music. The 30,000-square-foot store – the first 365 location in Texas and the first 365 store anywhere to be built from the ground up – is set to open its doors at 9 a.m. Wednesday. It&rsquo...
FOR SALE: Aerosmith drummer Joey Kramer’s Austin-area estate

FOR SALE: Aerosmith drummer Joey Kramer’s Austin-area estate

Aerosmith drummer Joey Kramer’s Georgetown mansion can be yours — for $2.235 million. It might be pricey, but it’s a reduction from the $2.5 million that the 2.7-acre gated property was listed for before it was taken off the market last year, said Megan DiBartolo, a real estate agent with The Winnett Group Inc., told the American-Statesman. She said the Williamson County property...
Central Texas home sales decline in March

Central Texas home sales decline in March

Home sales in the Austin area dipped in March year-over-year, while the median home-sales price climbed more than 5 percent, the latest figures show. The Austin Board of Realtors said 2,509 houses changed hands last month, down 1.4 percent from March 2016. Half of the residences sold for more than $295,767 and half for less, for a 5.6 percent rise in the median home-sale price, the board said. It...
SPRING SLIP: Central Texas home sales slide in March

SPRING SLIP: Central Texas home sales slide in March

Home sales in the Austin metro area dipped in March year-over-year, while the median home-sales price climbed more than 5 percent, the latest figures show. The Austin Board of Realtors said 2,509 homes changed hands last month, down 1.4 percent from March 2016. Half of the residences sold for more than $295,767 and half for less, for a 5.6 percent rise in the median sales price, the board said. Within...
City releases CodeNext zoning maps

City releases CodeNext zoning maps

Austin’s controversial bid to completely rewrite its land-use code took a giant step forward Tuesday, as city officials rolled out draft maps that showed how the proposed rules would be implemented citywide. But in a town where fights over individual projects can turn into years-long battles between developers and surrounding neighborhoods, initial reactions to the maps amounted to a shrug....
Travis County seeks new tool to spur affordable housing

Travis County seeks new tool to spur affordable housing

Travis County is considering creating a new tool to encourage developers to build more affordable housing. Under a proposed policy, the county would require landowners and developers who create public improvement districts — special districts that fund projects such as road construction or wastewater lines — to either build a certain amount of on-site public housing or pay a fee that would...
Austin office market still strong despite uptick in vacancy

Austin office market still strong despite uptick in vacancy

The occupancy rate in Central Texas’ office market softened slightly in the first quarter compared to a year ago but rents are still on the rise, a new industry report shows. In its quarterly office market report, Cushman & Wakefield said the occupancy rate for top-tier space (Class A) averaged 90.1 percent at the end of March, down from 91.3 percent on average as of March 2016. Rents for the...
DPR: Contractor booming with Central Texas’ economy

DPR: Contractor booming with Central Texas’ economy

Amid Central Texas’ ongoing building boom, DPR Construction is one of the region’s busiest construction firms, with an ever-expanding list of high-profile projects bearing its banner. Current projects for the company include Charles Schwab’s new Gracy Farms campus in North Austin; a 32-story tower at Seventh Street and Congress Avenue in downtown Austin that will house Aloft and...
Former AMD campus part of planned $135 million project

Former AMD campus part of planned $135 million project

Plans for a 77-acre, $135 million corporate campus are taking shape in Southeast Austin, spearheaded by Riverside Resources, a local developer with a growing number of high-profile projects. The Austin-based developer plans to construct three new buildings on 18.5 acres that were part of AMD’s former office campus at 5900 E. Ben White Blvd. Riverside Resources, a real estate development, investment...
City Council signs off on Austin Oaks redevelopment

City Council signs off on Austin Oaks redevelopment

After hammering out a final set of trade-offs, the City Council approved the redevelopment plans for the Austin Oaks office park, bringing an end to the nearly three-year fight over the site. The plan would bring new office towers, retail and up to 375 new housing units — including 41 for lower income residents — to replace the business park, which sits on 31 acres at MoPac Boulevard (Loop...
Austin City Council signs off on new housing ‘blueprint’

Austin City Council signs off on new housing ‘blueprint’

The Austin City Council approved its strategic housing plan Thursday evening, signing off on a document that calls for building an additional 135,000 housing units in the city by 2025. The 38-page plan — now called the “Strategic Housing Blueprint” — offers more than 50 suggestions to help combat Austin’s housing crunch, including calls to revamp the city’s permitting...
Austin may spend $600,000 to move tenants from crumbling complex

Austin may spend $600,000 to move tenants from crumbling complex

After five years of inspections, fines and legal fights, this week might mark the end of the road for two deteriorating apartment buildings whose tenants are being relocated under a judge’s order. The Austin City Council is expected Thursday to provide as much as $600,000 to move the tenants to housing elsewhere, marking the first time in recent years the city has sought funding to relocate...
Hill Country Galleria wraps up $16 million renovation

Hill Country Galleria wraps up $16 million renovation

The Hill Country Galleria is ready to take the wraps off a $16 million renovation project that has dramatically transformed the 1.3 million-square-foot Bee Cave shopping center. The unveiling will be Saturday, when visitors will be treated to a day filled with festivities beginning at 2 p.m., including live music, a fashion show, samples of food from the Hill Country Galleria’s many bars and...
One of Texas’ best vacation spots is about to get even better

One of Texas’ best vacation spots is about to get even better

One of the top summer destinations in Texas is about to get a whole lot better, thanks to a massive expansion. According to the Houston Chronicle, the Cinnamon Shores vacation community in Port Aransas will receive a 300-acre, $1.3 billion expansion that will quadruple the size of the neighborhood.  The expansion will reportedly include a 3,300-foot-wide private beach, multiple swimming pools...
This $3.3 million Austin home has a theater that looks like an airplane cabin

This $3.3 million Austin home has a theater that looks like an airplane cabin

Love movies? Love travel? Have several million dollars to spend on a new home? You’re in luck. This 4,809-square-foot home for sale in West Austin features a home theater and entertainment room that will make you feel like you’re 40,000 feet above the earth. The house on Scout Island Circle, listed for nearly $3.3 million, has four bedrooms and five bathrooms. But it’s the media...
After neighbor complaints, East Austin’s Sekrit Theater is for sale for $3.5 million

After neighbor complaints, East Austin’s Sekrit Theater is for sale for $3.5 million

After complaints from neighbors, an East Austin man is putting his secret theater — or “Sekrit Theater” — up for sale. Beau Reichert, who has owned the property on Perry Road for about a decade, announced the sale on Facebook last month. Reichert originally moved to build an art studio (his doctor said it would help him make friends—Reichert has Asperger&rsquo...

Triangle finally comes together

Nearly 10 years after a local developer announced plans for a major shopping center at the intersection of North Lamar Boulevard and Guadalupe Street, the first businesses are finally moving into The Triangle. Among the first expected to open early next year is Mandola's Italian Market, a restaurant and imported food and wine store that is the latest venture of Damian Mandola. He's the nationally...
Take a video tour of Tyler Perry's $25 million estate

Take a video tour of Tyler Perry's $25 million estate

Tyler Perry’s estate was listed for sale for $25 million last year and just sold for $17.5 million.  The new owner is an "out-of-state buyer who got a good value," The Atlanta Journal-Constitution reported. "(It's) quite a deal for that volume of land in the most prestigious ZIP code in Atlanta. The land alone sold for $9 million back in 2005 when Tyler bought it,"...
Trump’s former $95 million mansion to be torn down

Trump’s former $95 million mansion to be torn down

An oceanfront mansion Donald Trump sold to a Russian billionaire for $95 million in 2008 is going to be torn down. The demolition of the estate, which was the largest single residential sale ever in Palm Beach, Florida, was approved this week. Long before he became the 2016 Republican presidential front-runner, Trump purchased the mansion in 2004 at a foreclosure auction for $41.4 million. He then...
Dr. Oz just bought this $18 million mansion

Dr. Oz just bought this $18 million mansion

Television personality and heart surgeon Dr. Oz and his wife are evidently behind the purchase of Louwana, a landmarked house built in 1919 that changed hands last week via an $18 million deed, according to records filed with the Palm Beach County Clerk’s Office. A three-year $5 million mortgage on the beachfront house bears the signatures of Mehmet C. Oz, better known simply as Dr. Oz, and...
Travis County puts civil courthouse bond election on ballot

Travis County puts civil courthouse bond election on ballot

After 15 years of plans, proposals and procrastination, Travis County’s vision for a new 14-story civil courthouse in downtown Austin will go before the voters in November. The county commissioners on Tuesday voted 5-0 to place a $287 million bond election on the November ballot for the courthouse, which would be built on the block south of Republic Square at Fourth and Guadalupe streets. It...
Free Tesla with every unit purchased at new condo

Free Tesla with every unit purchased at new condo

It’s not unusual for some high-end developments to throw in a few freebies to sweeten the pot, but one West Palm Beach, Florida project is taking it to a whole new level. The Z Palm Beach condominium is offering a complimentary Tesla Model S with each unit. The luxe electric car costs about $71,070, according to the Tesla website. The unique development will have just eight units...
Lavish 40-chandelier mansion hits market

Lavish 40-chandelier mansion hits market

A Palm Beach Gardens mansion with old world Italian details has been listed for sale at $30 million, a price tag that makes it the most expensive listing in the city and one that rivals even posh Palm Beach. The 16,000-square-foot home, dubbed Palazzo Grande, has six bedrooms, six full bathrooms and two half bathrooms, a 75-guest ballroom and 40 chandeliers, including 30 Czechoslovakian crystal...
“Ready for a face lift, or can be torn down”, never-lived in mansion on market

“Ready for a face lift, or can be torn down”, never-lived in mansion on market

An oceanfront mansion in Highland Beach is back on the market today with a $12.5 million price tag after a years-long foreclosure case, January auction and purchase this month by an LLC with a mind for flipping. Casa Bella Riente at 3621 South Ocean Boulevard was the subject of a foreclosure that began in 2008, with a final judgment rendered in favor of the bank in September 2013 for $17.8 million...

Q2 Holdings files for Austin’s first IPO of 2014

Austin could soon have its first IPO of the year: Q2 Holdings has filed to raise up to $138 million in an initial public offering of stock. Founded in 2004, the company provides electronic banking services to more than 300 banks and credit unions. Q2 said the number of shares to be sold and the price range for the proposed offering have not yet been determined. J.P. Morgan Securities and Stifel Nicolaus...

Silicon Laboratories reports second quarter earnings

Austin-based chip maker Silicon Laboratories Inc. reported that revenue in the second quarter increased from a year ago but fell from the previous quarter. The company reported revenue of $141.5 million, up 4.3 percent from a year ago, but down 2.6 percent from the first quarter. The company reported a profit of $12.6 million compared with $20.5 million a year ago. Silicon Labs makes a wide range...
Sponsored: Blackhawk offers something for everyone in your family

Sponsored: Blackhawk offers something for everyone in your family

The family-friendly Blackhawk community in Pflugerville plays host to a variety of new homes with amenities that cater to the whole family. The Grisby, at 2,382 square feet, features a great room and beautiful views of the backyard from the kitchen and the family room. A second living area separates two bedrooms. This home also has an oversized patio perfect for outdoor entertaining. You’ll...
Sponsored: Central Texas homes to open their doors for Tour of Homes

Sponsored: Central Texas homes to open their doors for Tour of Homes

Some of Central Texas’ most beautiful homes are preparing to open their doors this month in the annual three-day Tour of Homes, which will give you a chance to be a part of the ultimate open house. From May 17-19, the Home Builders Association of Greater Austin will host a tour of more than 60 homes throughout eight key area communities. The self-guided tour gives potential homebuyers a chance...
Home design projects increasingly taking pets into consideration

Home design projects increasingly taking pets into consideration

After moving into their Great Hills home eight years ago, Beth and Mark Wright decided it was time for a remodel. As they started the process, they focused on making the space better for everyone in their family – especially their 3-year-old golden retriever, Jazzy. “We always knew we needed a place for our sweet little girl,” Beth Wright said. “We don’t have any children...

Early peek puts family in dream home after months of searching

By Mauri Elbel Special to Statesman Solutions One week ago, the Carroll family moved into their new home nestled in Highland Hills, letting out a big sigh of relief after an exhausting six months of house hunting. When they decided to move back to Austin last year, finding a home in the current real estate market proved to be much more difficult than they anticipated. If it weren’t for finding...

Sponsored: Falcon Pointe redefines the meaning of ‘community’

The word is out about Newland Communities’ Falcon Pointe. Almost 50 homes have already been sold in the Pflugerville community this year, and there are more than 25 others under construction that will be ready for move-in before the next school year gets under way. And the schools that serve the community are right there, with a Pflugerville district tricampus on site. Why the buzz? Falcon Pointe...

Sponsored: Low maintenance, highest quality at The Grove at Falconhead

When life’s seasons change, there’s no reason to give up the lifestyle you desire. And the same goes for your home. At The Grove at Falconhead, homeowners will find quality-built, luxury homes with low-maintenance living and amenities galore. The community is perfect for everyone from busy young professionals, active families, retirees and those looking to downsize without sacrificing...

Sponsored: Location and value in Ryland Homes’ Whispering Hollow

When homebuyers were clamoring for quality and value in a premium location, the people at Ryland Homes heard them, loud and clear. They answered the call with Whispering Hollow in Buda. In Whispering Hollow, buyers can choose from 17 floor plans in two expanding sections. Homes range from about 1,600 square feet to almost 4,000 square feet and are priced from the low $200,000s. Add the serenity and...

Sponsored: Leisure activities, breathtaking homes abound at Rough Hollow

For a brief time, the purchase of a Scott Felder home in Rough Hollow will include a one-year golf membership to the Lakeway Country Club, one-year sport membership to World of Tennis or one-year membership to Freedom Boat Club. This is also your opportunity to get in early on the newest section of the community, the West Rim. Take advantage of pre-opening pricing for one of the 31 breathtaking 1/4-...

Sponsored: Build exactly what you want at the exclusive Canyons at Lake Travis

If you’re looking for a cozy haven where you can build the home of your dreams and enjoy amazing views, The Canyons at Lake Travis will meet your every need. This gated community in western Travis County offers a tight-knit feel for residents who also enjoy room to sprawl out on acre-plus lots that feature Hill Country and lake views. Partners in Building, the exclusive builder for the community...
Want some design help but short on time or money? Try e-design

Want some design help but short on time or money? Try e-design

Somewhere between “misty morning” and “misted fern,” the shades began to blur. My husband and I were in the midst of redecorating our guest room, and we were trying to select the perfect shade of green for the walls. As I plopped down on the carpet to flip through the paint chips for the umpteenth time, I silently wished I knew an interior decorator who could weigh in on the...

Finding your home sweet home in Austin

Austin is one of those cities that has it all. One of the greatest challenges about living here is finding that perfect spot that speaks to you — and as we discovered, sometimes that search proves to be a full-circle journey. When we moved back to Texas after years living and working abroad, we knew we wanted to live in Austin. And after a decade of renting, we were ready to buy. I had a brand-new...
Sponsored: Anything your heart desires in elegant Beltorre

Sponsored: Anything your heart desires in elegant Beltorre

Luxury is always on the wish list for a new home. Add amenities and a lot of options to that list as well. Then check them all off in Clear Rock Homes’ Beltorre. Beltorre, in Georgetown, is a prime place to put down roots. Lots are 1+ acres and sell for $63,000 to $99,000. Beautiful floorplans, ranging in size from 2,500 square feet to more than 4,000 square feet, start in the $350,000s. With...
Sponsored: Easy living, close in at NorthEdge

Sponsored: Easy living, close in at NorthEdge

On the north edge of Austin, close to just about everything, sits a community calling you home. Wes Peoples’ NorthEdge condo community is made up of 28 units starting in the $180,000s that all showcase green and contemporary design. The units are built in two or three levels for easy living. There’s no yard to mow or exterior projects for a weekend to-do list: The homeowners association...
Sponsored: Lakeside living with luxury at Waterstone

Sponsored: Lakeside living with luxury at Waterstone

Life on the lake means beautiful views, easy water access and relaxation. It also means a visit to Waterstone on Lake Travis. This condo development was designed by renowned architect Larry Speck to showcase the view, with large windows throughout each of the 71 units peering out onto the lake and the Hill Country. The luxurious modern interiors boast 10-foot ceilings, farmhouse-style sinks and Jenn-Air...
Sponsored: Build the foundation for your dream home with Jimmy Jacobs seminar

Sponsored: Build the foundation for your dream home with Jimmy Jacobs seminar

Jimmy Jacobs Custom Homes is sharing their design and building expertise with the public on Sunday, March 17. The free, informational Build-On-Your-Lot seminar will take place at their model home in Crystal Falls, located in Leander. These seminars are open to anyone either in the process of, or interested in, building a custom home in the future. From noon to 2 p.m., the seminar will focus on all...
Ideas for welcoming a new neighbor

Ideas for welcoming a new neighbor

We’ve all been there. A new couple moves in across the street. You want to introduce yourself, but you’re not sure how. Rather than waiting for an awkward run-in at the end of the cul-de-sac, why not take over a small, thoughtful gift to welcome them to the neighborhood? “I like cultivating good relationships with my neighbors,” said Nina Gordon, owner of Take Heart, a boutique...
Sponsored: Perfect homes for a picture-perfect Texas lifestyle

Sponsored: Perfect homes for a picture-perfect Texas lifestyle

Love your home, love your community and love Mother Nature with a Taylor Morrison home in Crystal Falls. This gated Leander community just opened a second phase for new homeowners, with floorplans ranging in size from 2,651 square feet to 4,200 square feet and everything in between. Prices start at $300,000, and buyers get a lot for their investment. All homes feature large social areas, spacious...
Making your home your own

Making your home your own

It’s midnight, and my feet are covered in confetti. No, I haven’t been re-enacting New Year’s Eve or working the night shift at Party City. Confetti is the deceivingly cheerful name of lavender paint my daughters hand-selected for their bedroom when we moved into our new house two months ago. Painting their bedroom is the second project I’ve tackled since we moved in. The first...
More sellers are getting their homes' asking price

More sellers are getting their homes' asking price

Good housing-market news keeps rolling in. The latest says that the gap between the seller’sasking price and the eventual sales price is narrowing, and that homes are selling faster. While this is obviously good news for sellers, buyers should welcome it too. If homes are selling faster and prices are firmer, the buyer faces less risk of losing money on a home purchase. ZipRealty...
Sweetwater offers location, upgrades and more for young family

Sweetwater offers location, upgrades and more for young family

When Matt and Kara Chavez were searching for a home last year, they were thinking long term. They considered their future neighborhood’s amenities. They wanted to make sure their girls would be in a good school district. And they were looking for a sense of community with other young families. “I grew up in Lakeway, so I always liked the area,” Matt Chavez said. “We were trying...
Free home tour to highlight new homes in Belterra

Free home tour to highlight new homes in Belterra

What: Model home tour featuring David Weekley Homes, Highland Homes, Sitterle Homes, Treaty Oak Homes and Wilshire Homes ranging from 1,800 to 4,600 square feet and priced from the mid-$200,000s to more than $500,000 When:1 to 4 p.m. Feb. 23-24 Where: Get maps and information at the Belterra Welcome Center, 151 Trinity Hills Drive, or start at any of the six model homes in the master-planned community...

For this family, yellow brick road led to Circle C

About a year ago, my then 3-year-old daughter became fascinated by the “Wizard of Oz.” Clad in a Dorothy-inspired dress and a pair of miniature ruby red slippers and accompanied by her trusty sidekick Tin Man (her baby sister, dressed in a bargain bin silver costume), she’d saunter through our Houston home quoting the movie. I soon knew every word by heart and found myself having...

C3 Presents buys Emo’s East music club

Emo’s East owner Frank Hendrix has sold the music club to Austin events company C3 Presents, C3 co-owner Charles Attal confirmed Monday. The sale, which includes the transfer of a 10-year lease but does not include the building, comes after over two months of negotiations between Hendrix and C3. “Frank contacted us a few months ago, and it was a natural progression for us, we already do...
Rents of $20,000 per night? Welcome to F1 week in Austin

Rents of $20,000 per night? Welcome to F1 week in Austin

Want a place to stay for the big Formula One race in November? How about paying $69,000 for a one-week stay on a 40-acre Austin estate, complete with a helicopter landing site? Then there's the luxury hacienda-style home of Clayton Christopher (co-founder and CEO of Deep Eddy Vodka, co-founder of Sweet Leaf Tea). His Lake Austin-area estate is available to rent for F1 week — for $25,000. Or...
Daughters of the Republic of Texas' big vision: A new museum, headquarters in East Austin

Daughters of the Republic of Texas' big vision: A new museum, headquarters in East Austin

More change is coming to East Austin. This time, it won't be a fancy new apartment or condo project reshaping the landscape, but rather a transformation meant to highlight, preserve and embrace Texas' Republic-era history. It's all part of the vision of the Daughters of the Republic of Texas to renovate four decades-old houses next to the French Legation Museum on San Marcos Street. The idea is to...

After dry spell, area's real estate development pipeline is flowing again

After several years with a virtually dry construction well, Central Texas' real estate development pump is being primed again. The pipeline of planned projects is replenishing, and construction cranes — the "state bird," as developers jokingly call it — are multiplying in the region. While the local apartment market has been sizzling for nearly two years, other sectors are now...
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